If you are a long-time Verizon Wireless customer, you should be quite aware that you have the ability to upgrade your cell phone every two years. Normally customers were offered a total of $100 towards a new phone if they agree to sign another two year contract with Verizon and had maintained a monthly plan of $30 or more. However this is no longer the case. With Verizon Wireless’s “New Every Two” plan, pretty much everyone with any sort of contract has to pay more to upgrade to a new device.
The new plan goes as follows: If a customer has had a monthly plan of $35 or more for 2 years , they then now qualify for only $50 towards a new phone after signing another 2 year contract instead of the previous $100. To receive a total of a $100 towards a new phone, as it was before, the customer must be paying at least $80 or more for their monthly plan for the entire two years or the last three months before becoming eligible to upgrade. Even though some may be eligible to get a $100, they will still be stuck with a new contract. In addition those who are thinking because of their family plan, everyone can new phones, WRONG, only the primary line will be eligible.
Verizon, in their defense, claims that the cost of cell phones has been “drastically” dropping over the last 10 years. I have to agree that prices of any electronic gadget does drop over time as it becomes cheaper to produce. BUT when the price of the new popular Motorola RAZR 2, which will be a hit during the holiday season, is on sale at a price of $250 with yet another 2 year contract, I have to disagree. What do you guys think? Is Sprint, Cingular, or T-Mobile handset upgrades any better?